Quantcast

Empire State Today

Friday, March 14, 2025

Q4: VA home loan in New York state averages $298,554

Webp realestate2

The average VA loan amount in New York during the fourth quarter of the fiscal year 2021 was $298,554, according to the Veterans Affairs Home Loans Index.

The VA assists service members, veterans, and eligible surviving spouses in achieving homeownership through loans provided by banks and mortgage companies.

A portion of the loan is guaranteed by the VA, which allows the lender to provide better rates.

Several VA housing programs can help members buy, build or repair their homes. Loan types may include home purchase loans, interest rate reduction refinance loans (IRRRL), and adapted housing grants, geared toward veterans with a service-connected disability.

MORE NEWS